INVESTMENT MARKET QUIET

Evening Star, Issue 23382, 27 September 1939, Page 6

INVESTMENT MARKET QUIET

B.H.P.S HOW SOUGHT AT £3/12/HETALS SECTION ALMOST NEGLECTED An inactive tone marked investment operations this morning, with a declining interest in Australian scrip, luces were generally maintained, with the exception of Commonwealth metals, which •were almost stagnant. Selected New Zealand lines were well supported. Broken Hill Proprietaries appreciated another 6d, best buyers offering 12s. Is 6d below holders’ limits. A.C.J.s were sought at £1 14s, but G. J. Coles were passed. Sydney Woolworths, which had reported dealings at £1 2s, came on offer at 3d above that valuation, but there were no inquiries. Broken Hill Souths were the only transtasman mining issues to find a market, the price closing between £1 Bs-£l 10s. _Zmc ords. remained easy at sellers £2 17s. Banks and insurances were quiet, but interest was maintained in meat preservings and woollens, buyers setting the market. Dominion industrials showed little change. SALES REPORTED. —Late Yesterday.— N,Z. Drug, £3 Bs. N.Z. Breweries, £1 11s. Mount Morgan, 9s 9d. ' —This Morning.— Woolworths (Sydney, brd.), £1 2s (2). DIVIDENDS AND CALLS LIST. DIVIDENDS PAYABLE. George Farmer, Sydney—Ord., 2$ per cent, per annum Sept. 29 Feffc and Textiles —5 per cent., making 10 per cent, per annum Sept. 30 British Tobacco Co. Ltd. —Quarterly ord., 2 per cent. (September 9) Sept. 30 Dunlop Perdriau Rubber—Finals cum pref., 5 per cent., making 10 per cent., and ord. 33 per annum respectively (September 14) Sept. 30 B«rnet Glass Rubber—Finals cum pref., 6 per cent., and ord., §! per cent., making 10 per cent and 123 per cent, per annum respectively ... Sept. 30 N.Z. Newspapers Ltd.—lnterim, 8d a share Oct. 2 Wairarapa Farmers’ Co-op. — Pref. 33 per cent, per annum Oct. 2 Hume Pipe (Australia) Ltd. — Final ord. and pref., 3} per cent, per annum, making 73 / per cent Oct. 2 Nestles and Anglo-Swiss Condensed Milk (Australasia) Ltd. —Quarterly pref. at 8 per cent, per annum Oct. 2 Bank of Australasia—lnterim 3s ■ 6d per share (less British income tax, September 111 Oct. 6 Woolworths (N.Z.) Ltd.—Halfpearly ord., 6 per cent. September 24) Oct. IS Woolworths Ltd., Sydney—Halfyearly ord., 6 per cent. (September 24) Oct. 15 (Dates in parentheses signify the closing of transfer books and registers.) CALS DUE. G. J. Coles—los a share, making £1 paid Jan. 15 IMPORTERS’ TROUBLES DOUBLE INTEREST ON UNPAID DRAFTS QUESTION IN THE HOUSE [Per United Press Association.] WELLINGTON, September 20. In an urgent question in the House to the Minister ot Finance, Mr Wilkinson asked if it were a fact that importers desiring to avail themselves of British export credit facilities would have to deposit in a New Zealand bank the full value of the goods covered by soph arrangements. Mr Wilkinson also asked if the Minister were aware of the present unsatisfactory position regarding payments for American, Canadian, and other imported goods which were ordered and in some eases shipped prior to the present system of control of foreign credits by the Reserve Bank for a period as far ahead as June. 1940. He added that importers would have to pay double interest on the unpaid portions of the drafts covering such goods, and also had to take the risk of a further fall in sterling exchange as against dollars or other currency. He suggested that the Price Tribunal should take these factors into consideration when determining selling prices. Mr Nash, in reply, volunteered to five Mr Wilkinson all the information e required if he placed his questions on the Order Paper as notices of questions. RABBIT SKIN MARKET PRICES RISE ON BRITISH COMPETITION The offering at yesterday’s rabbitskin auction was much smaller than usual, catalogues approximating 28 tons being submitted. f Competition was brisk throughout, values showing an appreciation on late rates. The dfficial range of prices is as follows : Small, lid to 123 d per lb; runners, 223 d to 223 d per lb: racks, 24d to 553 d per lb; summers, 22}d to 273 d per lb; autumns, 31d to 343 d per lb; spotted winter bucks, 63Jd to 69]d per lb; spotted winter does, 38d to 423 d per lb; second winter bucks. 79d to Slid per lb; second whiter does. 43-Jd to 47Jd per lb; first winter bucks. 90d per ]!>; first winter does, oOd to 52d per lb; outgoing winter bucks, 52d to 59]d per lb; outgoing winter does, 343 d to 393 d per lb; furrier does, 41d to 43Jd per lb; spring bucks, 40d to 463 d per lb; spring does, 31Jd to 343 d per lb; stained does. 333 d to 353 d per lb; first milky. 323 d to 34Jd per lb; milky, 253 d to 29id per lb; second winter broken, 34d to 36d per lb; first winter broken. 363 d to 38d per lb; first winter fawns. 56d per lb; first winter black. 38d to 423 d i>er lb; first ha reski ns. 28Jd to 30d per lb: hareskins. 15d to 1 SJel per lb; horsehair. 14d to 223d_per lb; first ferrets (each), os 9d to 7s 4d. The next sale is scheduled for October 10.